Why businesses are nervous ahead of the Budget Economics Businesses are wary as Chancellor Rachel Reeves puts the final touches to her first Budget.
Consumers ‘despondent’ ahead of tax-hiking autumn Budget Retail Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Hospitality needs a magic spark of confidence to boom, brewery boss says Business The boss of Britain’s oldest brewer, Faversham-based Shepherd Neame, has suggested that the hospitality industry is nearly ready for a return to a boom period, but only is we serve up a spark of confidence. Neame suggested that if fundamentals remain strong and mortgages continue to fall, consumer spending on hospitality would follow a similar [...]
Business confidence takes ‘large dive’ in September as budget fears intensify October 1, 2024 Optimism in the economic outlook fell to its lowest level since 2022.
Has Labour overdone the doom and gloom? September 24, 2024 Many economists and City business groups have argued that this risks damaging growth. After all, why would households spend and businesses invest in a climate of fear?
UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.
Consumer confidence sinks as Brits ‘nervously await’ Budget September 20, 2024 Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall, with all measures – including personal finances, economy and purchase intentions – down month-on-month. “Headline consumer confidence has… [...]
Contraction confirmed for German economy with no recovery in sight August 27, 2024 The growth slowdown was led by a sharp fall in investment, which fell by more than 2.0 per cent in the quarter.
Consumer confidence unchanged in August despite worsening outlook August 23, 2024 Consumer confidence remained unchanged in August, a closely watched survey suggested, despite a deterioration in households’ expectations for the broader economy. GfK’s overall consumer confidence index remained at -13 with an improving picture on the personal finance side helping to offset worsening confidence in the economy as a whole. This meant overall consumer confidence remained [...]
Retail footfall down for twelfth consecutive month – but spending surge on the horizon August 2, 2024 Figures for retail footfall in the UK fell for a twelfth consecutive month as shoppers opted to spend on holidays and leisure rather than consumer goods.